I guess the demand on Friday was so off the scale the market makers would not have a cat in hells chance of covering so a placing has been arranged over the weekend to bail them out and keep an orderly Market.
Just a shame they didn’t do it a slightly higher price. Why give them any discount at all
Davey but Aren’t notification of dividends given before the settlement date of entitlement so new shareholders that buy after the dividend announcement can buy as long as they hold on the record date they get the dividend. But often the day after, which is ex dividend date the price adjusts for the loss of the dividend.
So nothing different here date can legally be after the notification of what will be voted on. All seems normal to me.
Yes JH this is what many traders miss multiply 168 million by £10 and we are at 1.68 billion now is that feasible clearly yes as we already Know Stemprinter in time could easily be worth multiples of that. And now with the potential to use Foralumab as not only for Chrons and other ailments but also Covid 19 then in the current climate all price calculations are off.
Hence why it is currently impossible to value. But big Pharma have very deep pockets and always need to be at the head of the table.
With the potential disruptive nature of the delivery of the drugs to nasal Oral or inhalation the potential saving to the worlds health organisations is literally off the scale.
So this is like a challenger suddenly entering the arena with the most disruptive new drug in the bag so who will pay the highest premium to become the champion.
Imagine a world where cancer patients can be treated at home no need for huge cancer hospitals and regular trips for IV Treatment.
HW. Actually stated that “it was almost too good to be true“
Big Pharma will start a bidding war very soon imo.
The volume in the states yesterday was off the scale 30 million ads traded at 2 Tils shares per ADS that was 60 million shares plus 4.2 million on AIM that’s more than a third of the number of shares in issue. The free float must have been traded 5 times over. We could see a Porsche moment when the market has to scramble to find shares to meet delivery to new holders if they plan to hold for more than ten minutes.
As news of ATM for July was announced yesterday before close of play in the states. It’s hard to know if there will be any further update on amount sold they could have finished the ATM just on the volume traded yesterday.
Be interesting what we hear on that next week.
All in all next week will be very very interesting.
Always one you have it all wrong your last paragraph explains it if the had 5 shares and got 1.5 additional for each 1 then they end up with 12.5 shares. No 5 shares at $12 yesterday is $60. 12.5 today at $8 is $100 so a rise of 66% basically the share price should have been $12 divided by 2.5 which is $4.8 so the rise today is enormous.
12.5 shares times $4.8 is $60
Now do you get it.
And no more ATM later
Must have filled all they had with today’s volume anyway.
We shall find out on Monday.
But this is clearly now in such high demand the price can’t keep up as not enough free float to meet demand.